Financial health diagnostic system and method thereof

A computer-implemented method for generating a personal financial health index for a user, the method comprising:

• receiving, via a user interface, a selection of a country and a choice of data input entry mode from a user;
• aggregating a set of financial data associated with the user into a plurality of input categories comprising at least an income, a spending, a debt repayment, and an asset;
• modify a plurality of values within the categorized financial data to resolve at least one computational error including identifying a denominator variable having a value of zero and transforming the denominator value by adding a non-zero integer and a rate of adjustment value;
• adjusting the financial data based on a plurality of country-specific variables associated with the selected country to reflect a socio-economic environment;
• calculating a plurality of factor inputs by matching the adjusted financial data against one another, the plurality of factor inputs including at least a savings indicator, a solvency indicator, a protection indicator, a future indicator, and a liquidity indicator, wherein calculating the plurality of factor inputs includes performing advanced modeling to isolate at least one input variable;
• generating a plurality of dynamic weights by modeling interactions between the plurality of input categories and determining a plurality of deviation values of the plurality of factor inputs from a plurality of pre-set standard benchmarks;
• combining the plurality of factor inputs and the plurality of dynamic weights to determine a personal financial health index;
• determining a plurality of sub-indexes corresponding to the plurality of factor inputs;
• and
• displaying the personal financial health index and the plurality of sub-indexes and a corresponding financial health status on a multimedia interface of a user device.

A non-transitory computer-readable medium storing a plurality of instructions that, when executed by a processor, cause a computer system to perform operations comprising:

• receiving a selection of a country and a choice of data input entry mode from a user;
• populating an internal data repository with a set of financial data associated with the user, wherein the set of financial data is aggregated and categorized into a plurality of input categories comprising at least an income, a spending, a debt repayment, and an asset;
• modify a plurality of values within the categorized financial data to resolve at least one computational error including identifying a denominator variable having a value of zero and transforming the denominator value by adding a non-zero integer and a rate of adjustment value;
• adjusting the modified financial data based on a plurality of country-specific variables associated with the selected country to reflect a socio-economic environment;
• calculating a plurality of factor inputs by matching the adjusted financial data against one another, the plurality of factor inputs including at least a savings indicator, a solvency indicator, a protection indicator, a future indicator, and a liquidity indicator, wherein calculating the plurality of factor inputs includes performing advanced modeling to isolate at least one input variable;
• generating a plurality of dynamic weights for the user by modelling interactions between the plurality of input categories and determining a plurality of deviation values of the plurality of factor inputs from a plurality of pre-set standard benchmarks;
• combining the plurality of factor inputs and the plurality of dynamic weights to determine a personal financial health index;
• determining a plurality of sub-indexes corresponding to the plurality of factor inputs;
• and
• transmitting the personal financial health index and the plurality of sub-indexes to a user device for display via a multimedia interface.